This page reflects GDS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — GDS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $32.00 (2.18 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.00
Nearest expiry
Expected Move
±$3.18
±10.7%
Days to Expiry
15
Calendar days
Total Call OI
16,149
Nearest expiry
Total Put OI
3,128
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$29.82
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$43.00
5/15/2026, 11:16:08 PM
2026-06-18
$36.00
6/18/2026, 11:14:40 PM
2026-07-17NextUpdated
$32.00
7/3/2026, 11:12:40 PM
2026-08-21
$30.00
7/3/2026, 11:12:40 PM
2026-09-18
$35.00
7/3/2026, 11:12:40 PM
2026-12-18
$35.00
7/3/2026, 11:12:40 PM
2027-01-15
$25.00
7/3/2026, 11:12:40 PM
Selected expiration: 2026-07-17 at max pain $32.00.
GDS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
24
0
2489800
2489800
25
0
2182800
2182800
26
100
1877300
1877400
27
300
1580200
1580500
28
20900
1372300
1393200
29
43500
1167400
1210900
30
70900
964700
1035600
31
126000
801400
927400
32
186800
648300
835100
33
378700
512200
890900
34
602100
395100
997200
35
841000
291200
1132200
36
1118500
205600
1324100
37
1459700
130100
1589800
38
1825200
80600
1905800
39
2310400
47700
2358100
40
2806700
15000
2821700
41
4281800
11900
4293700
42
5828100
8900
5837000
43
7388500
6300
7394800
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.